Brandywine Realty Trust (NYSE:BDN) Trading Up 4.7% – Still a Buy?

Brandywine Realty Trust (NYSE:BDN) rose 4.7% during mid-day trading on Tuesday . The stock traded as high as $6.25 and last traded at $6.25. Approximately 1,672,811 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 1,840,399 shares. The stock had previously closed at $5.97.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BDN. StockNews.com upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, July 25th. Evercore ISI raised their target price on Brandywine Realty Trust from $5.50 to $6.00 and gave the company an “in-line” rating in a report on Monday, September 16th.

Brandywine Realty Trust Trading Up 2.2 %

The business’s 50-day simple moving average is $5.35 and its two-hundred day simple moving average is $4.86. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $1.10 billion, a PE ratio of -5.22 and a beta of 1.33.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings data on Tuesday, July 23rd. The real estate investment trust reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.05). Brandywine Realty Trust had a negative net margin of 32.27% and a negative return on equity of 12.16%. The business had revenue of $125.30 million for the quarter, compared to analyst estimates of $119.47 million. During the same quarter last year, the business earned $0.29 EPS. Brandywine Realty Trust’s revenue for the quarter was down .5% compared to the same quarter last year. On average, analysts predict that Brandywine Realty Trust will post 0.92 earnings per share for the current year.

Brandywine Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 9.43%. The ex-dividend date is Wednesday, October 9th. Brandywine Realty Trust’s dividend payout ratio is currently -49.18%.

Institutional Trading of Brandywine Realty Trust

Several institutional investors and hedge funds have recently bought and sold shares of BDN. Point72 DIFC Ltd bought a new stake in shares of Brandywine Realty Trust in the 2nd quarter valued at approximately $27,000. Sei Investments Co. bought a new stake in Brandywine Realty Trust during the second quarter valued at $48,000. Bayesian Capital Management LP acquired a new stake in shares of Brandywine Realty Trust during the first quarter worth $56,000. EverSource Wealth Advisors LLC lifted its position in shares of Brandywine Realty Trust by 381.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 12,308 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 9,753 shares during the last quarter. Finally, EntryPoint Capital LLC boosted its holdings in shares of Brandywine Realty Trust by 811.8% in the 1st quarter. EntryPoint Capital LLC now owns 13,969 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 12,437 shares during the period. Institutional investors and hedge funds own 87.27% of the company’s stock.

About Brandywine Realty Trust

Brandywine Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia and Austin markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 160 properties and 22.6 million square feet as of September 30, 2023 which excludes assets held for sale.